Hardware & Supply Retail
4190 STATE HIGHWAY 3 Star Lake, NY 13690
For Sale
$1,550,000
Multibuilding hardware and supply business for sale with storefront, warehouses, lumber yard, garage, and on-site apartment.
Property Size11,869 SF
Price / SF$130.59
Days on Market555
Property Features for 4190 STATE HIGHWAY 3
General Information
Standard status
Active
Size
11,869 SF
Property subtype
Office
Building Details
Year Built
1954
Listing Agency:
Homes Realty of Northern New York
(315) 377-4147
Listed By:
Marcie McCrea
Source:
Xome
Added: Jan 19, 2025
Changed: Jul 23
Last Checked: Jul 28 at 3:14AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Homes Realty of Northern New York
Investment Insights
Based on property information with market context.
For sale as a turnkey, income-producing hardware and supply business, including the real estate, equipment, and substantial inventory. The multibuilding property includes a high-visibility storefront, multiple storage/warehouse buildings, a lumber yard, and a garage, plus an on-site apartment. The parcel configuration spans five parcels and also includes two areas of deeded lake access.
The property is located on State Highway 3 in Star Lake, NY, providing direct roadway frontage along a primary local corridor.
The corporation name is not being sold. Detailed financials will be provided to qualified buyers.
The property is located on State Highway 3 in Star Lake, NY, providing direct roadway frontage along a primary local corridor.
The corporation name is not being sold. Detailed financials will be provided to qualified buyers.
Key Highlights
- Multibuilding hardware and supply business for sale with storefront, warehouses, lumber yard, garage, and on‑site apartment
- Metal roof and A/C (cooling) plus heating listed as “3”
- Vinyl and linoleum flooring
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $112.5k | $9.48 |
| − Vacancy | −$7.9k | −$0.66 |
| EGI | $104.6k | $8.82 |
| − OpEx | −$15.7k | −$1.32 |
| NOI | $88.9k | $7.49 |
11,869 SF · lease $9.48/SF/yr · vacancy 7.00% · expense 15.00%
Alternative Uses
Best Use
Retail
$2.16M
$1.89M – $2.52M
NOI $150,909 @ 7.0% cap · market cap 9.74%
Second Best
Warehouse
$1.27M
$1.11M – $1.48M
NOI $88,946 @ 7.0% cap · market cap 5.74%
Theoretical Best
Office A
$2.94M
$2.58M – $3.44M
NOI $206,122 @ 7.0% cap · market cap 13.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Storefront property - Multibuilding hardware and supply business for sale with storefront, warehouses, lumber yard, garage, and on-site apartment.
Where is this storefront property located?
The property is located at 4190 STATE HIGHWAY 3 Star Lake, NY.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: Multibuilding hardware and supply business for sale with storefront, warehouses, lumber yard, garage, and on‑site apartment; Metal roof and A/C (cooling) plus heating listed as “3”; Vinyl and linoleum flooring
